Financial news on May 17, 2014

Business and Financial news
Armani Reports Growth in Sales, and Pledges New Investment

Solid performance in Europe helped the fashion group increase full-year revenue to a record 2.19 billion euros, against 2.09 billion euros in 2012. Read more..

By REUTERS - The New York Times

Oh, Who?

Oh, look: Joe DiPietro’s back. Read more..

By DEB AMLEN - The New York Times

On Up-and-Down Day, Market Edges Higher

Better earnings results from retailers and demand for telecommunications shares push stock market to small gain. Read more..

By THE ASSOCIATED PRESS - The New York Times

Pfizer to Apply for Breast Cancer Drug Approval

Pfizer says Food and Drug Administration will allow it to apply for approval of its heavily promoted experimental breast cancer medicine based on midstage patient testing results. Read more..

By THE ASSOCIATED PRESS - The New York Times

Recycling the Leftovers

Food waste is an increasingly hot-button issue, with cities, restaurants and companies adopting strategies for reducing problem; Environmental Protection Agency says Americans threw away more than 36 tons of food in 2012, about $165 billion worth of food annually; city of Austin, Tex, is building food collection program that will turn food scraps into compost as part of goal to eliminate 90 percent of waste it sends to landfills by 2040. Read more..

By STEPHANIE STROM - The New York Times

Searching for Quality in Assisted Living Care

Ann Carrns Your Money Adviser column; A Place for Mom Inc, commercial housing referral service for older adults, now offers online, state-by-state guide to obtaining records on assisted living communities; directory ranks all 50 states and District of Columbia based on ease with which consumers can gain access to inspection reports and other documents. Read more..

By ANN CARRNS - The New York Times

Slowly Producing a Spirit England Can Call Its Own

English Whisky Company based in Norfolk's lush countryside some 300 miles from Scotland, is part of renaissance of local British distillers recovering and reinventing tradition lost more than century ago; spurred by surge in small-scale producers of food and drink worldwide, revival has grown slowly but steadily since first bottles went on sale 2009, with at least four active distillers of English whisky catering to rising interest. Read more..

By STEPHEN CASTLE - The New York Times

Some Wines Are Worth Not Drinking

Paul Sullivan Wealth Matters column; investing in wine is showing itself to have been smart financial move if one has been buyer of top five Bordeaux producers in France, known as premium cru, over last century; study shows that wines from Haut-Brion, Lafite-Rothschild, Latour, Margaux and Mouton-Rothschild chateaus posted annual returns from 1900 to 2012 that beat government bonds. Read more..

By PAUL SULLIVAN - The New York Times

Times Co. Chief Addresses Executive Editor’s Firing

Controversy over firing of Jill Abramson, former executive editor of The New York Times, continues as company's chief executive Mark Thompson sends letter to senior editors in effort to further address reasons for her dismissal; Thompson reasserts paper's position that rumored compensation issues played no rule in Abramson's departure. Read more..

By RAVI SOMAIYA - The New York Times

Uncertainty About Jobs Has a Ripple Effect

Alina Tugend Shortcuts column; experts say fears of losing jobs, or 'perceived job insecurity,' hangs over many workplaces, even as immediate impact of recession, including widespread buyouts and layoffs, may be fading; perception often leads to wide-ranging negative effects on workers and companies alike. Read more..

By ALINA TUGEND - The New York Times

See what else happened on May 17, 2014